South Africa Food Preservatives Market Size & Outlook
South Africa food preservatives market, 2016-2030 (US$M)
Related Markets
South Africa food preservatives market highlights
- The South Africa food preservatives market generated a revenue of USD 97.6 million in 2023 and is expected to reach USD 128.9 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.1% from 2024 to 2030.
- In terms of segment, conventional was the largest revenue generating label in 2023.
- Clean Label is the most lucrative label segment registering the fastest growth during the forecast period.
Food preservatives market data book summary
| Market revenue in 2023 | USD 97.6 million |
| Market revenue in 2030 | USD 128.9 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Conventional |
| Fastest growing segment | Clean Label |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Clean Label, Conventional |
| Key market players worldwide | Cargill, Kemin Industries, Archer-Daniels Midland Co, Tate & Lyle PLC, Koninklijke DSM NV, Basf SE, Celanese Corp Class A, Corbion NV, Kerry Group PLC Class A |
Other key industry trends
- In terms of revenue, South Africa accounted for 3.3% of the global food preservatives market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa food preservatives market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 128.9 million by 2030.
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Food Preservatives Market Scope
Food Preservatives Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa food preservatives market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to food preservatives market will help companies and investors design strategic landscapes.
Conventional was the largest segment with a revenue share of 74.39% in 2023. Horizon Databook has segmented the South Africa food preservatives market based on clean label, conventional covering the revenue growth of each sub-segment from 2016 to 2030.
South Africa is one of the developed countries in the African continent and has a large consumer base for food sector. Factors such as increased purchasing power of the middle-class population in South Africa and increased demand for packaged food, which provide convenience to eat or offer grab-and-go consumption, is driving the food preservatives market.
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Target buyers of South Africa food preservatives market databook
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Our clientele includes a mix of food preservatives market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa food preservatives market , including forecasts for subscribers. This country databook contains high-level insights into South Africa food preservatives market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa food preservatives market size, by label, 2016-2030 (US$M)
South Africa Food Preservatives Market Outlook Share, 2023 & 2030 (US$M)
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